Insys files for bankruptcy, overcome by opioid liabilities

INSYS THERAPEUTICS Inc. filed for bankruptcy after agreeing to pay hundreds of millions of dollars to settle a probe by United States prosecutors related to the promotion of its highly addictive opioid painkiller Subsys. The company is also being sued by many U.S. state attorneys general, including in Rhode Island. / BLOOMBERG NEWS FILE PHOTO/ANDREY RUDAKOV
NEW YORK – Insys Therapeutics Inc. filed for bankruptcy protection after agreeing to pay hundreds of millions of dollars to settle a related probe by United States prosecutors over the promotion of its highly addictive opioid painkiller. Court papers filed Monday in Delaware by the drugmaker, whose former executives were convicted of bribing doctors, listed…

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